Metafund Corporation

Analysis

Metafund Corporation is a registered charity in United States, based in Edmond, OK. It received its IRS tax-exemption ruling in September 2001, 25 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Metafund Corporation reported income of $4.6m and spending of $3.3m, leaving 28% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $2.1m to $4.6m (+113%), an average of +16% a year. The sharpest change came in the year to December 2019, when income rose by 31%. Over the whole period it spent 70% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Metafund Corporation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within OK. Charities of a similar size with the same main cause include Kuhn Employment Opportunities Inc ($4.6m), Societys Assets Incorporated ($4.6m) and Washington Vocational Services Inc ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $1.2m (38% of expenses). Other salaries and wages came to $652k. At year end it held assets of $39.2m against liabilities of $23.5m, net assets of $15.7m. It reported 13 employees.